Very short post as I am about to get on a plane to fly back from London to New York (and Virgin Atlantic does not yet have wifi on its flights). Reading the papers in London and talking to people it is clear that the European debt crisis is very much on everyone’s mind while we at home seem to be enthralled with either the latest startup valuations, or Rush Limbaugh and maybe the Republican Primary. Here the discussions are about Greece and Spain and the fact that the European Central Bank (E...

Very short post as I am about to get on a plane to fly back from London to New York (and Virgin Atlantic does not yet have wifi on its flights). Reading the papers in London and talking to people it is clear that the European debt crisis is very much on everyone’s mind while we at home seem to be enthralled with either the latest startup valuations, or Rush Limbaugh and maybe the Republican Primary. Here the discussions are about Greece and Spain and the fact that the European Central Bank (E...

Europe had three elections on the weekend: presidential in France, parliamentary in Greece and regional in Germany. The results are strongly anti-incumbent across he board. In France, Sarkozy is out and Hollande is in. In Greece, the PASOK party went from 160 to 41 seats and no longer has a majority together with New Democracy the other incumbent. And in Germany in the regional elections in Schleswig Holstein, Angela Merkel’s CDU had the worst results since 1950. The results are also strongly...

Europe had three elections on the weekend: presidential in France, parliamentary in Greece and regional in Germany. The results are strongly anti-incumbent across he board. In France, Sarkozy is out and Hollande is in. In Greece, the PASOK party went from 160 to 41 seats and no longer has a majority together with New Democracy the other incumbent. And in Germany in the regional elections in Schleswig Holstein, Angela Merkel’s CDU had the worst results since 1950. The results are also strongly...